Columnist Criticizes Health Plan Rescission Settlements
Los Angeles Times columnist Michael Hiltzik argues that state Insurance Commissioner Steve Poizner's (R) settlement with Blue Shield of California over health insurance policy rescissions did not go far enough. He writes that "the Blue Shield settlement shows that for the insurer there's almost no downside to rescission. Blue Shield's Settlement just restores the status quo -- 700 restored policyholders are now presenting claims the company should have paid all along."
- "Poizner Goes Too Easy on Insurers" (Hiltzik, Los Angeles Times, 1/26).